New Delhi, Jan 8: The State Bank of India (SBI) has appointed Baldev Prakash as the Deputy Managing Director and Group Chief Risk Officer, the bank announced to the exchanges on Monday.
Prakash, who previously served as the Managing Director and CEO of Jammu and Kashmir Bank on deputation, completed his three-year tenure in December.
In another key development, SBI has also entrusted Shiva Om Dikshit with the new role of Deputy Managing Director for Operations and Channel Management.
In a separate update, the Reserve Bank of India (RBI) has released draft formats for the revised financial statements—balance sheet and profit and loss account—specifically for cooperative banks. These revisions aim to update norms for regulated entities, with the current forms dating back to 1981. The RBI has conducted a comprehensive review and issued the new draft formats, along with instructions for their compilation, reflecting recent changes in the financial market and accounting standards.
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